The value of accumulated tax refunds tapped by companies to settle claims by the Kenya Revenue Authority (KRA) doubled in the financial year ended June 2025, underlining deepening cash flow challenges in a tough economy.
Firms tapped Sh49.67 billion refunds to offset various taxes such as Pay As You Earn (PAYE) on workers’ pay, corporate income tax on profit and value added tax obligations, the KRA reported Thursday. This is a jump of 99.93 percent over Sh24.85 billion the year before.
